Morning Business Headlines: 4-30-14

Wednesday, April 30, 2014 11:18 AM

Wal-Mart to offer auto
insurance

CNNMoney:
Wal-Mart Stores Inc. soon will offer auto insurance along with vegetables
and garden supplies. The nation's largest retailer said Wednesday it is
partnering with AutoInsurance.com to provide customers with "a one stop
shop" for their auto insurance needs.

Commerce report: U.S.
economy grew little in first quarter

Bloomberg:
The U.S. economy barely grew in the first quarter as harsh winter weather
chilled investment and exports dropped. The expansion stalled even as consumer
spending on services rose by the most in 14 years. Gross domestic product grew
at a 0.1 percent annualized rate from January through March, compared with a
2.6 percent gain in the prior quarter, according to figures from the Commerce
Department released today in Washington.

Slowing growth in Twitter
users tests Wall Street's patience

Reuters:
Twitter Inc.'s slowing user growth has revived concerns about the microblogging
service's prospects of one day matching Facebook Inc.'s 1.2 billion users. That
prompted at least 16 analysts to cut their target price on the stock. Twitter
stock, which has shed about a third of its value since the beginning of the
year, opened down 11 percent at $37.80 on Wednesday, making it one of the top
percentage losers on the New York Stock Exchange.